Financial History of the American Airlines

Financial History of the American Airlines American Airways was incorporated in 1930, becoming American Airlines in 1934. Operating as a passenger and cargo carrier, they also offer freight and mail services. With 9 hubs functioning throughout the country, they average around $522 million a month. In 1939, they began trading stock on the New York Stock Exchange (NYSE) under the symbol AAL. (Yahoo Finance, November 2013) American Airlines began trading stock publicly on December 9, 2013. In 1970, American Airlines gained its first Caribbean routes, merging with Trans Caribbean Airways. The agreements of the merger were that American Airlines would aid Trans Caribbean in obtaining a total of $10 million in financing. Also, for 100 shares of Trans Caribbean, American Airlines exchanged 17Â  shares. This merger would make for airlines first merger under its current name. (NY Times Archives, 1970.) January 10, 2001, it became public that American Airlines had acquired bankrupt Trans World Airlines (TWA) for $4.2 billion. This transaction made American Airlines the worlds largest airline carrier. American acquired all of TWAs assets, as well as saved the jobs of thousands of TWAs employees by integrating them into their family. (Biz Journals, 2001) In 2003, talks of possible bankruptcy arose for American. Labor unions eventually approved economizing contracts to avoid the bankruptcy, in which employees agreed to accept intense pay cuts in attempts to save the airline. Joy came in 2007, when American reported an annual profit of $231 million for fiscal 2006, its first reporting since around 2000. But, the glory didnt last long, as shareholders announced at their annual meeting that due to soaring jet fuel costs, they would have to lay off thousands of workers, park at least 85 aircraft, cut domestic capacity by 25%, and increase baggage fees and other service offered to customers. An official bankruptcy protection was filed November 29, 2011, after the airline reported a net loss of $471 billion, bringing their total losses to exceed $10 billion since 2001. American had acquired $29.6 billion in debt. Required to run all their future financial decisions across a judges desk, they were permitted to purchase fuel, pay for labor, and other expenditures, to maintain business. In July 2011, they received approval to place the largest plane order in history, buying 460 aircraft from Boeing and Airbus, replacing older planes. The newer models would cut down on fuel and maintenance costs. (Yahoo Finance, 2011) The year of 2012 introduced talks of a merger with US Airways. Agreements were made to exchange financial information so that the companies can research the potential merger. The merger eventually passed February 2013, officially announced on the 14th day of the month, thus the creation of the worlds biggest airline. (Yahoo Finance, 2013) As of December 31, 2015, American Airlines gross profit was approximately $29 billion, with a net operating income of $6.2 billion and a net income of $7.6 billion, all driven by lower fuel costs, American could benefit from the decline on fuel prices. (2015 Form 10-K, AA.com) References American Airlines Investor Information, 2015 Form 10-K. http://phx.corporate-ir.net/phoenix.zhtml?c=117098p=irol-reportsannual History of American Airlines. https://www.aa.com/i18n/customer-service/about-us/history-of-american-airlines.jsp A timeline of events in American Airlines history, November 12, 2013. The Associated Press. http://finance.yahoo.com/news/timeline-events-american-airlines-history-011902886.html American Airlines acquires TWA. December 23, 2001. Biz Journals. http://www.bizjournals.com/stlouis/stories/2001/12/24/focus3.html Koenig, David. November 29, 2011. American Airlines files for bankruptcy protection. https://www.yahoo.com/news/american-airlines-files-bankruptcy-protection-121438848.html

The First Inhabitants of America Essay -- American America History

The First Inhabitants of America The First "Europeans" reached the Western Hemisphere in the late 15th century. Upon arrival they encountered a rich and diverse culture that had already been inhabited for thousands of years. The Europeans were completely unprepared for the people they stumbled upon. They couldn't understand cultures that were so different and exotic from their own. The discovery of the existence of anything beyond their previous experience could threaten the stability of their entire religious and social structure. Seeing the Indians as savages they made them over in their own image as quickly as possible. In doing so they overlooked the roots that attached the Indians to their fascinating past. The importance of this past is often overlooked. Most text or history books begin the story of the Americas from the first European settlement and disregard the 30,000 years of separate, preceding cultural development (Deetz 7). The going theory of the First Americans is the ever-popular land bridge hypothesis, which connected Siberia and Alaska. This is believed to have happened at least twice during the ice ages between 32,000 and 36,000 years ago and, again between 13,000 and 28,000 years ago. This repeated connection took place where the eastern and western hemispheres come the closest to one another. The best illustration that I found explaining the land bridge was the analogy made to a seesaw. On one side being the glaciers and on the other side is sea level. When the glaciers get bigger or "go up" the sea level withdraws or "goes down". Basically when all the earth's water is in the form of snow or ice sea level is lowered. At least 180 feet lower to form that Siberian land connection. Direct proof of this... ... ago, but the way it happened is still uncharted territory". The specific date of the first migration into the Americas is unknown but there was likely more than one. The new discoveries and theories presented have given us a better understanding and more possibilities for the First American then ever before. Bibliography Begley, Sharon. "The First Americans." Newsweek Fall/Win. 1991: 15-20. Begley, Sharon and Andrew Murr. "The First Americans." Newsweek 26 Apr. 1999: 50. Claiborne, Robert. "The First Americans." New York: Time-Life Books, 1973. Dixon, E. James. Quest for the origins of the First Americans. University of New Mexico Press. 1993. Nichols, Johnanna. "The First Americans." Discover Jun. 1998: 24. Owsley, Douglas. "The First Americans." Economist 24 Feb. 1998: 79. Wright, Karen. "First Americans." Discover Feb. 1999: 52.

Promise vs. Duty in Nursing Essay

According to Merriam-Webster Dictionary (1997), the definition of a promise is â€Å"a pledge to do or not to do something specified.† For the sake of not sounding like a bunch of politicians who seldom keep their rhetorical promises, I think we should change the word to something more honorable such as to duty. Duty, according to Merriam-Webster Dictionary (1997) is â€Å"conduct or action required by one’s occupation or position†. That is much more fitting. Promises can be made and broken by individuals. A duty is inherent in the position one holds. Promises are a voluntary commitment. A duty is an ethical standard or obligation that applies to a position or occupation. Dorman and Middaugh, (2009) stated that â€Å"repeated gaps between promises and performance create doubt, distrust, and finally cynicism in the public†. Instilling a sense of duty in a profession is much different. I have a duty to treat patients under my care with dignity and respect. I do not have to promise to do this. It is inherent in my position and I need to do this. This is stated nicely by the International Council of Nurses, (2006) â€Å"inherent in nursing is respect for human rights, the rights to life and choice, to dignity and to be treated with respect†. The public wants care givers with a sense of duty, not a promise. Otherwise we may fall into the same category of politicians that cannot be trusted. I think that this is important in order to maintain the image that nursing currently has as a caring and trustworthy profession (Gray, 1999). Having a sense of duty links directly to the American Nurses Association (ANA) code of ethics as my nursing professional obligation or if you wish, promise to patients, community and society (see Nursingworld.org, Code of Ethics). References Dorman,D., & Middaugh, D.(2009). Promise keeping: do we keep our promises. Medsurg Nursing, 18(1). â€Å"Duty.† The Merriam-Webster Dictionary (1997).Merriam-Webster, Incorporated. Gray,B.B.,(1999). Public opinion poll reveals consumer attitudes about nursing. Nurseweek.com. Retieved from nurseweek.com/features/99-7/hpoll.html International Council of Nurses (ICN) (2006). Retrieved from: http://www.icn.ch/images/stories/documents/about/icncode_english.pdf â€Å"Promise.† The Merriam-Webster Dictionary (1997).Merriam-Webster, Incorporated.

God s Redemptive Plan Advanced By Interstate Battery...

God’s Redemptive Plan Advanced by Interstate Battery System International, Inc. The way a person experiences life in this world varies based on their worldview they have which determines their perspective on life. A business is run from the perspective of those who are the founders and the people who may take over the business how they view the world around them. There is a plethora of organizations that are involved in God’s redemptive plan for all of creation. The redemptive plan for all creation is the final piece of the puzzle of the biblical story about how the devil will be banished forever leaving the world pure for the rest of eternity. The redemptive plan will be finished one day, but according to Matthew 24:36 no one knows the†¦show more content†¦According to Keller (2002), work due to sin can become an idol, pointless, fruitless, lead to alienation, and lead one to seek and to identify with their status or position, a job can bring them in the present life; however, that is not how work is meant to be but rather allow one to use their gifts and abilities while remaining in their own capacities, use work to benefit others and their field of work, and to bring about joy and happiness that one is living out their destiny. The way one views work has the ability to change their whole life since one was meant to work in the first place. Despite that businesses are able to contribute to the redemptive plan all the way down to t he operation of the organization. According to Grudem (2003), all work that is done should be used to glorify God as its end result, some of the examples of this would be giving, preserving resources, using profits to help benefit society as a whole, not taking advantage of others, and et cetera. Businesses are able to participate by operating in a manner that is ethical, demonstrating corporate social responsibility, operating by the guidelines given within the Scripture while following laws and regulations, treating employees and stakeholders with the respect that they deserve while not taking advantage of them, taking responsibilities for any wrong misconduct or accidents that occur while providing a solution to prevent future problems